Question

Sonora has a 4.6% fixed rate 15-year mortgage in the amount of $375,000. The total cost of principal and interest is about $519,827. Which of the following is closest to Sonora’s monthly payment?

$2,083

$3,466

$2,500

$2,888

Answer 1

well, this is similar to the last one, since the number of payments and the amount of the payment determine how much youve paid ...

payment * 12 * 15 = prinicipal + interest

Answer 2

thanks man

Answer 3

youre welcome

Answer 4

so im still not to sure ..